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Igwe Nnannaoffline

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  • Igwe Nnanna posted in the group Business

    1 week, 4 days ago
    The aerospace manufacturer Rolls-Royce is to cut at least 9,000 jobs from its global staff of 52,000, due to an anticipated fall in air travel following the coronavirus pandemic.

    The British company, which supplies engines for large aircraft such as the Boeing 787 and the Airbus A350, said the job losses would predominantly affect its civil aerospace business, plus its central support functions.

    Air travel has slumped since March because of travel restrictions and future flight schedules may not return to their previous peak, hurting Rolls-Royce, which earns revenues from the number of hours its engines fly.

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